| Followers | 48 |
| Posts | 9663 |
| Boards Moderated | 7 |
| Alias Born | 11/25/2006 |
Wednesday, December 24, 2008 12:20:58 AM
That increase is because it should fall! - Actually - the after hours ask is less then the last sale of the day - before close. Bad sign.
Now - Let's taks a look at PCX - for all of those who bought an ole' favorite - I bought without even looking at the chart - LOL. Stock is still bearish! Definatley downtrending.
I should have looked first -LOL- would of made a better entry - I feel that the bottom is near- so no worries - It may tap 5.60, even possible to challenge the 52-week low of $5.25 - - but I don't believe it will go lower then that - and should bounce nicely from there - the shorts actually protect our investment in this case - they will cause enough buying demand - to raise it back up!
Look to exit around $8.75 - It should reach that again. In my opinion.
On a good note - look at all the mutual funds adding pcx to their portfolios - http://www.mffais.com/pcx.html
Now - Let's taks a look at PCX - for all of those who bought an ole' favorite - I bought without even looking at the chart - LOL. Stock is still bearish! Definatley downtrending.
I should have looked first -LOL- would of made a better entry - I feel that the bottom is near- so no worries - It may tap 5.60, even possible to challenge the 52-week low of $5.25 - - but I don't believe it will go lower then that - and should bounce nicely from there - the shorts actually protect our investment in this case - they will cause enough buying demand - to raise it back up!
Look to exit around $8.75 - It should reach that again. In my opinion.
On a good note - look at all the mutual funds adding pcx to their portfolios - http://www.mffais.com/pcx.html
Everything I post - is my opinon - do your own due diligence before investing.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
